Kenyan Parastatals with Most Pending Bills: A 2024 Financial Analysis
Introduction Kenya is an East African Country bordering the Indian Ocean to the east, the countries of Somalia. Ethiopia and South Sudan in the North, Uganda in the West and the United Republic of Tanzania in the South. It is currently the largest Economy in the East African Community, an organization that includes the United Republic of Tanzania, Uganda, Rwanda, Burundi, Somalia, South Sudan and the Democratic Republic of Congo. The financial integrity of government agencies in Kenya is under intense scrutiny following a revealing report by the Controller of Budget, Dr. Margaret Nyakang'o. The report highlights staggering amounts of pending bills amassed by parastatals, painting a grim picture for contractors and suppliers owed billions. Topping the list are the Kenya National Highways Authority (KeNHA), Kenya Rural Roads Authority (KeRRA), and Kenya Electricity Transmission Company (KETRACO), collectively owing over Sh170 billion. This article delves into the specifics,...